Hope Found of Northeast Arkansas

Analysis

Hope Found of Northeast Arkansas is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Found of Northeast Arkansas reported income of $157k and spending of $170k, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $120k to $157k (+31%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Found of Northeast Arkansas sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within AR. Charities of a similar size with the same main cause include H O P E Gagnon Housing Corporation ($157k), Serendipity Equine Inc ($157k) and Her Infinite Worth Inc ($157k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.